Pakistan's foreign exchange reserves held by the State Bank of Pakistan (SBP) fell sharply by $2.66 billion during the week ended June 20, 2025, bringing the total to $9.06 billion. "This marks the second-largest weekly decline since data was available, ie, 2011," noted Arif Habib Limited (AHL). The steepest fall on record was the $2.91 billion drop seen in March 2022. The decline was driven
National Credit Guarantee Company Limited (NCGCL) has agreed to support green financing up to Rs10 billion in a bid to create a conducive ecosystem for climate-smart entrepreneurship, particularly for young innovators and women-led green startups. NCGCL, which has recently been awarded 'AAA' rating by Pakistan Credit Rating Agency (Pacra), will provide support for green financing through a stru
Federal Minister for Energy (Power Division) Sardar Awais Ahmed Khan Leghari on Thursday virtually addressed the Shanghai Cooperation Organisation (SCO) Energy Ministers Conference, where he outlined Pakistan's vision for a clean, secure, and collaborative energy future. Speaking under the theme "Integrate Innovation for Energy Future," Leghari stressed the urgent need for regional cooperation,
With Pakistan's mortgage-to-GDP ratio abysmally low — below 1% — owing to the absence of a proper mortgage system, the federal government intends to launch a new subsidised housing finance scheme in the upcoming fiscal year. The initiative aims to spur demand in the real estate and construction sectors while making homeownership more accessible to middle- and lower-income groups. However, the sche
The Pakistan Stock Exchange (PSX) reversed its upward trajectory on Thursday after two days of gains, as investors opted for profit-taking at elevated levels, dragging the benchmark index into the red. Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said the KSE-100 Index had surged nearly 6,594 points, or 5.7pc, in the previous two sessions following the Iran-Israel ceasefire. “Today’s